Ibrahim Sattout

Ibrahim is a Partner at ASAR and has been with the firm since 2005. Prior to joining ASAR, he worked as an associate in Beirut and later as international legal counsel at a leading Kuwaiti bank.

He advises on complex and high-value transactions across Kuwait’s legal landscape. His practice spans banking and finance, capital markets, project finance and PPPs, private equity, restructuring and bankruptcy, mergers and acquisitions, and corporate and commercial matters.

• Ibrahim served as Kuwaiti lead legal counsel to the consortium of WTE Wassertechnik GmbH and International Financial Advisors Holding KSCP on the Umm Al Hayman Wastewater Treatment Plant Project, one of the world’s largest and most complex water treatment PPP projects. Developed under Kuwait’s PPP Law and overseen by the Kuwait Authority for Partnership Projects and the Ministry of Public Works, the project involved approximately USD 1.8 billion in construction costs (excluding financing and operating costs). This followed Ibrahim’s prior role as Kuwaiti counsel leading ASAR’s advisory team on the Az Zour North Phase 1 IWPP PPP Project.
• Ibrahim acted as co-counsel advising the Kuwait Capital Markets Authority in the privatization of Boursa Kuwait. The transaction involved the sale of 44% of CMA’s shares via a competitive bidding process, with the winning bid placed by a consortium including the Athens Stock Exchange, National Investments Company, Al Oula Investment, and Arzan Financial Group.
• Ibrahim advised the State of Kuwait, acting through the Ministry of Finance and represented by the Kuwait Investment Authority, on establishing its Global Medium Term Note (GMTN) Programme and Kuwait’s inaugural dual-tranche, US dollar-denominated international debt capital markets issuance. The notes for USD 8 billion were offered and sold in reliance on Rule 144A and Regulation S and were admitted to trading on the Irish and London Stock Exchanges.
• Ibrahim acted as lead Kuwaiti law counsel to the mandated lead arrangers, local and international financial institutions, and export credit agencies in relation to KWD 3.4 billion (USD 11.35 billion) Islamic and conventional financing for Kuwait National Petroleum Company’s Clean Fuel Project. The project involved upgrading and integrating Mina Abdulla and Mina Al Ahmadi refineries, increasing combined capacity from 736,000 to 800,000 barrels per day and reducing sulphur content in petroleum products to 5%. This was the largest project and first financing in KNPC’s history.

• Banking
• M&A
• PPP/PFI
• Project finance
• Restructuring and insolvency

• Aviation
• Energy
• Financial services
• Real estate
• Utilities

• Diplome d’Etudes Approfondies (LL.M) in Private International Law and International Trade Law, Paris 2 University (Assas Pantheon), Paris, France, 1993
• Bachelor of Laws (LL.B) in French Law, Paris 2 University (Assas), Paris, France, 1991
• Bachelor of Laws (LL.B) in Lebanese Law, St. Joseph University and Lebanese University, Beirut, Lebanon, 1990 and 1993

• Member of the Beirut Bar Association, 1994
• Member of the American Bar Association
• Member of the International Bar Association